IREDA Q4 net profit jumps 49%

The Indian Renewable Energy Development Agency (IREDA) reported a 48.65% jump in its consolidated net profit for the January-March quarter of the financial year 2024-25 at ₹501.55 crore. The company had reported a net profit of ₹337.39 crore in the corresponding quarter last fiscal. Its total revenue from operations stood at ₹1,905.06 crore in the reporting quarter as against ₹1,391.26 crore in Q4FY24, rising 37% year-on-year (YoY). The results came out post-market hours. Shares of IREDA soared 9.05% on Tuesday to ₹168.16 apiece on the